>> i'm cheryl casone in for liz claman. she's off to davos switzerland for the world's economic forum. more on that later on. happy martin luther king jr. day everyone and happy inauguration as president obama officially begins his second term. you might be off today, but we are open for business. let's make you some money. did you invest after inauguration day four years ago? well, you'd be in great shape if you did. check out the dow. since president obama took office, up nearly 65% in that time frame. and if you think that is good, the s&p up nearly 75% in the

same time period. and one of the best performing sectors under the president has been technology. second only to consumer discretionaries. the tech sector up more than 100% over the past four years. and 13 days of trading into 2013, the tech sector continuing its gains of just under 2% and this week is a big week for tech earnings, everyone. coming up, we will break down the most important things you need to know about the big reports. and are you better off than you were four years ago? well, at least your 401(k) might be. how do you make sure that your portfolio has returns? like all of this, we have a guy that can help you. the multistrategy income fund is outperforming 99% of its peers. it is up 24% year over year. angel oak cofounder and chief investment officer will be joining me during this hour to tell you why he is going big on

real estate. plus, we've seen the beginnings of a rebound in the housing recovery, but is washington's best investment the white house? all right, i'm going to tell you what its value. president obama is officially sworn in for his second term and using the opportunity to call for unity in washington. peter barnes is standing by at the white house with the latest on the big day in washington. peter? peter: that's right, but make no mistake about it, the president did outline his agenda for his second term here, both in over terms and with some subtlety. talking about climate change, immigration reform, gun control. the president coming out and giving a strong defense of government saying that, quote, preserving our individual freedoms ultimately requires collective action. take a listen. >> the american people can no more meet the demands of today's

world by acting alone than the american soldiers could have met the forces of fascism and communism with militias. or build the roads and networks and research labs that will bring new jobs and businesses to our shores. now, more than ever we must do these things together as one nation and one people. peter: the president also did however discuss revamping the tax code, reducing healthcare spending, trying to reduce deficits, but acknowledging the realities of divided government, said, quote, today's victories will only be partial. cheryl? cheryl: peter barnes of course standing by at the white house, big day in d.c., cold day as well. peter thank you. well, while most of the markets are closed today, money is still moving. now is your chance to make money on currencies. joining me now for a fox

business exclusive interview is forex.com senior currency strategist. welcome. currency markets are moving today. currency is a bit of great interest with regards to the european currencies and there's japan. big meeting today, bank of japan, more concern about deflation in that country, what is your reading right now on the country of japan and the yen in particular? >> they have been taking some pretty extraordinary measures over the past to months or so -- past two months or so. been very very aggressive in terms of easing the japanese yen. he believes that's going to be the major thing to turn around the japanese economy. cheryl: i mean it's almost a currency war, if you will. i mean they are getting into a very crowded space, and with the pressure that we have seen in particular on the dollar, over the last two years, i mean, i'm wondering what that means for us. >> absolutely. they are starting to step on the toes of the fed. you know, the fed has been

really priming the pump here, printing money, printing money in efforts to keep the dollar as weak as possible in this risk off type scenario market. so now some of these other central banks are now starting to fight back a bit, and the bank of japan has probably been the most aggressive in doing so with some of the easing that they have already done. cheryl: do you think they will do more easing? is that what you think is going to be the headline here? >> we have pretty much baked into the cake that they will be raising the inflation target to 2% from 1%. they are probably going to extend their asset purchases. they're really talking about different measures to dramatically weaken it. cheryl: there are other countries involved. i want to talk about the mexican peso because also there is concerns about the mexican economy, big manufacturing economy which means a lot to u.s. companies, but at the same

time, the peso, if there is more pressure on that currency, what does that mean for us, do you think? >> so the peso has been pretty interesting because their central bank last week did a little bit of a 180 because they were expecting that they were going to be raising interest rates sometime here in 2013. and they kind of just pulled the rug out underneath it saying, you know, there's the potential that we might actually start to, you know, maybe reduce interest rates. [talking over each other] >> it was definitely something that caught participants by surprise, testing some previous 2012 lows there in terms of dollar mexico. it will be interesting to see if that trend continues. but mexico i think is a currency that we still want to be going into going forward. cheryl: one of the things we look on a daily basis during the market hours is what the euro is doing versus the dollar. always surprised me that the euro never went below like a $1.22 or so against the dollar. now you have the pound. i know you don't like the pound. so i'm curious kind of how you're playing that over in europe right now.

>> it's been very interesting. just a year ago, everybody thought that the euro was going dramatically lower, sub 120, 115. i think the major aspect to that is what was it in relation to? we were talking about it in relation to the dollar, and the fed kept on printing money. and the ecb in contrast really has not printed money. they are not injecting new funds into this, whereas what i think is going on with sterling, you know, they are going to probably be the brink of triple dip recession come this friday in the fourth quarter gdp figures. their economy is not doing very well. they will probably have to stimulate that economy going forward. and probably talk about further asset purchases out of them over the next couple of months. cheryl: i have plenty of friends in new york that trade currencies. they trade currencies on behalf of the bank. it affects obviously investment, investment banking deals, etc.

but for the retail investor, do you think there's become more of an interest now in playing and investing in the currency market? playing the spreads? i mean it is very risky, very volatile, but do you think we're seeing a change in that? >> we're definitely seeing a much greater exposure to that market than we have seen over the years. a lot of it has to do with the correlation that these currencies have with some other markets. the s&p 500 just breaking to fresh highs that we haven't seen in quite some time, you know, you could look at the australian dollar if you want kind of a way of playing that, with ten year interest rates maybe starting to creep up higher, dollar yen has been a hot topic with that. it's not only a market that you can come to to invest in just to play the currencies themselves, but also a way to potentially hedge your exposure to alternative asset classes that you might be more familiar with it. cheryl: i have heard investors say in order to play the

currency market you need to make investments with other currencies. is the dollar that bad? do i need to be looking at using the yen or the euro for example to do my investments? >> at times yes and at times no. you have to be very careful in terms of when you're picking to invest in the alternative vehicles, investing in the foreign markets. the nikkei has been on fire since, you know, this new regime there in japan has come on board. you know, soaring about 20% over the last couple of months. you know, a lot of talk has always been about china or some of these other emerging markets, your brazils, and so forth. you need to be careful due to the exposure. if you don't want to pick or choose, you can be invested in the markets and then do some things with currencies with us. cheryl: we will do segments and hear someone say well the dollar is the world's currency, that is in jeopardy, the dollar is falling out of favor, how much do you put into that? how much do you worry about that type of thing? >> let's consider how much stimulus we have already provided into the markets and let's really consider that the

dollar really hasn't declined that much at all relative to most of these major currencies. if they weren't doing all this monetary printing that we're doing right now, the dollar would be really soaring right now. we'd be talking probably about a euro dollar back towards parity, we would be talking about sterling maybe at 125. we'd be talking about, you kn know -- it could definitely be something where we could see a much stronger dollar. a lot of people here in the states say that would be a good thing. you have to be careful about the deflationary spiral. that's the real reason why bernanke is doing this printing is to keep us out of deflation. cheryl: also housing, which we will talk about later in the show. senior currency strategist, thank you very much. interesting topic, different for us. thank you very much. >> pleasure being here. cheryl: well, there are a couple of things that are open today, currencies, we were just talking about the currency markets, but what else is open today?

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cheryl: we are and if you think that pawnshops are just last resorts for extra cash, think again. how about a pawnshop that sells wine, jewelry, even cars. jeff flock joins us live from arlington heights illinois. really, jeff? jeff: called ultra pawn. ultra pawn.com. they are attempting to just change the whole concept of the pawnshop. it's the brain child of george sorrey who is actually a private equity executive in chicago who said i find my client needs this service but don't want to walk into a pawnshop. >> yeah, i think there's a tremendous need by the luxury consumer who has gathered assets of value from time to time, from time to time they have liquidity needs and this is a great way for that consumer to turn those assets -- assets into cash.

jeff: take a look at the pawnbroker companies -- take a look at the stocks of the pawnbroker companies. you are finding clients that have big pieces of jewelry, that have art, that have wine, they want to translate that into a loan. >> look, a lot of business people when the banks tighten their credit lending standards had assets of value but needed cash and we provided that option, but you have to cater that luxury consumer to do it. jeff: for example, a sculpture of louie armstrong there, it was brought in by somebody who was trying to make payroll in their business. >> that's exactly right. the fellow's bank had cut off his credit line, but he had the sculpture, he said i need to make payroll, we gave his some short-term loans, he was able to continue his business. jeff: it's on-line largely because the wealthy don't like to walk into a pawnshop. >> i wouldn't want to walk into a pawnshop and i don't expect a luxury customer to do it either. it's all tra -- it's ultra

pawn.com, you can do it from your home. jeff: you have everything from watches, all sorts of things that come in, and the brains behind the operation probably you see in the background there, your dad, who is a long time jewelry man. >> my father has been in the jewelry business for 45 years so we had some in house expertise that as a finance background, we were able to leverage that expertise and we were able to create this model and it's been very positive. >> ultra pawn.com. cheryl, if you have anything perhaps from a previous relationship that you would like to unload, this might just be the place to do it. you don't have to go down to the pawnshop. cheryl: i actually do have a couple of items, yes, i do. jeff flock, thank you. jeff: don't we all. cheryl: they even have diamonds in them. all right, investors are getting ready for the markets to resume trading tomorrow. after hitting five year highs last week, one money manager is warning that corporate america's

performance might not last. he is the vice president at usaa investments. he joins me now from san antonio for a fox business exclusive. john, it is always good to speak with you. i'm courses you, you know -- i'm curious, we've had the big marks, especially the s&p hitting multiyear highs, but you say there's reason to be concerned. what is it? >> we have seen the equity market outperform the economy over the last couple of years due to the large monetary and fiscal stimulus, but recently we have seen earnings decelerate and our concern is just what's going to happen to top of line revenue growth to companies and then in particular their forward guidance, particularly for those companies who are exposed to consumer spending because of the recent 2% payroll tax hike. cheryl: okay. so do you think at this point as we look at the economy versus the markets and in particular

the housing sector, which many analysts and many economists point to as being such a good thing, if the housing market does not have that true, true rebound in 2013, do you think that that is going to affect market performance? >> yes, we do. we're looking very closely at the housing market and at the manufacturing sector. and the reason is that both of these lead to improved employment and not just any type of employment, construction jobs, manufacturing jobs, in the energy space, tend to be higher paying than other jobs, particularly service jobs. so if we see a continued pick up in the housing market, continued strength in manufacturing, this could lead to the virtuous cycle that we have all been waiting for from the private sector. cheryl: okay. now, i know that one of the groups that you do watch, one of the groups that you're actually positive on, and there's not a lot, but it is healthcare, you do like healthcare.

tell me kind of some of the names you appreciate right now in that space and also do you think that with the healthcare law, the exchange really beginning to kick in in the next 12 months that healthcare is going to continue that forward? >> we think healthcare will continue to being strong relative to the overall market. one area we like, you know, from a defensive standpoint is large cap pharma. you've seen this big race for record setting inflows into high yield bonds. we think one area that pays dividends that has been overlooked is large cap pharma. and we like names like johnson & johnson, merck and in particular pfizer. cheryl: those are the three names.

you also like some drug distribution companies. one name? >> yeah, cardinal health. if you look at what happened over the last several years, we had a big pick-up in the generic pipeline, 2013, there's a big drop-off, but coming in 2014, 2015, is another big generic wave, particularly for the so-called limited source drugs, which are limited to a couple distributors, and that should be good for companies like cardinal health. cheryl: all right. well certainly again earnings season is picking up. i'm curious in this healthcare space particularly if we're going to get upside surprises when it comes to earnings and dividends. >> we think you will see upside surprises particularly in healthcare after the recent jpmorgan healthcare conference, we saw a lot of strength in healthcare names. we think that's going to continue throughout earnings season. we think there are companies across the equity space that

will outperform, but in general, we really like healthcare. cheryl: do you think there's going to be more mergers, or do you think we will see more companies try and ipo this year? >> we think it's true across not just healthcare but across all sectors, corporate america has cash, and if they're not going to get the organic revenue growth, we expect to see a big pick-up in m&a, particularly as the concern over the debt ceiling and the fiscal cliff winds down. cheryl: i'm sure there's a lot of investment banks right now in new york that are celebrating what you just said. we shall see. john, we will have more of your pick merck on thursday. merck's chairman and ceo will be sitting down with liz claman in davos switzerland, that interview is coming up later on this week. technology stocks took off last year. they've started off 2013 pretty strong, except for one name, apple. shares of apple this year have

already fallen 6% in the first 13 trading days of the year. will the earnings report on wednesday be a turn around or will it send the stock going lower? plus will the rest of the sector follow its lead? we will have more on that coming up next.

cheryl: business continues. investors gearing up for a big earnings week this week. tech giants apple and google both set to report. but let's take a look at some other major tech stocks that are in the green so far for the year. starting with some of the computer makers, fox business reported last week that dell may be looking to go private. the stock is up nearly 27% in the first 13 days of trading

this year. and hewlett-packard, dell's biggest competitor in the pc market actually not far behind that stock, up 20% so far. sandisk is releasing a newer quicker storage drive called ultra plus, this ahead of its fourth quarter earnings which will be announced after the bell on wednesday, along with apple. the stock up over 11%. analysts expecting it is going to report earnings about 73 cents per share so we're watching a lot of things this week in the technology sector. let's shake it up with our team as we gear up for a huge week ahead with these technology names. we have of course who else would be here for technology shibani joshi is with me for technology. sandra smith is with me. but first shibani, the latest on apple. i'm nervous. shibani: a lot of people are. let's take a look at the stock price over the last three months. used to be $700 stock back in september and now we're talking about $500 stock. here's what the stakes are for this company's stock price, according to an analyst of

global equities research he says the size of a miss will mean the difference between $400 stock and $600 stock, so we're talking $100 price move on apple shares. earnings per share of $13.41. revenues of 54.6 billion dollars. that's a decline of 3%. the first decline we're expecting in over a decade. and then it's been said while the december holiday quarter is expected to smash records, we're concerned that the demand for new apple products is compressing so basically what he's saying here is is the spark gone for apple? this is going to be a make-or-break quarter in that sense. we're getting the holiday numbers. it is the most important quarter for apple. and everyone's been talking about, you know, the thrill may be gone; right? it's a little bit gone out of the stock price. cheryl: the competition finally beginning to catch up, whether it's on the rimm side with blackberry 10, i know at ces you were being told this is a great

operating platform, turn things around for rimm and with samsung with market share percentage wise. shibani: and the stuff that isn't here yet. that's the bigger issue, we know what you can do, give me a trick we haven't seen before and we're not sure we're going to see that trick. bill: an actual apple television versus for 99 bucks. >> we know it is coming. what else is out there like an ipod or iphone that we haven't been able to put our arms or minds around can the company invent. people are doubtful. bill: cheryl: thanks. sandra smith, a lot of nerves around many of these companies? >> google will be a major focus here. of course google the king of all search engines. it will kick things off tomorrow, google is one of the stocks that is in the

700 club, trading at over $700 a share. maybe not for long. if you look at the tail end of that chart there, or just a year-to-date chart will show this. since january 11th this stock has been on the decline. it has taken a serious fall. there is a lot of concern about the progress of its mobile business. that will be the focus of this earnings report. don't forget for eventful third quarter. the stock actually went up 10%. this could be a really big mover. analysts expect earnings of $10.57 a share for google. could the company make a comeback? that could set the tone for big internet giants of the in the technology space we have ibm coming out. analysts and investors are looking for a turnaround story. ibm trading just under $200 a share. everybody hoping for a rebound here. it too had a rough third quarter. it missed on its revenue estimates. so everybody be looking at

sales numbers there. two stocks that report tomorrow, cheryl. these could really set the tone. technology, everybody got used to tech doing so well in 2012. 2013 could turn out to be a different story. all eyes will be on these stocks. cheryl: ladies, thank you very much. hopefully somebody is out there working on a device that will go to the gym for us. sandra, shibani. thank you very much. crude oil has taken off under president obama. it is up more than 120% since he first took office. u.s. oil production grew last year than any year in the history of the domestic industry the how can you get a piece of the pie. canadian oil maverick tells us next in a fox business exclusive interview. he will tell you where investors can find the next liquid gold rush and where you can get in on that. that is after the break. ♪ . it's a new day.

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>> i'm adam shapiro with your fox business brief. the house of representatives will vote to raise the debt limit wednesday, funding the government through may 18th. republicans are including legislation in the measure that will deny members of congress their paychecks if congress fails to pass a budget. u.s. and japanese officials have launched an investigation into the lithium-ion batteries used in the boeing 787 dreamliner and the japanese company that makes them. the entire 787 fleet was grounded last week after several incidents including an overheated battery that forced an all nippon airways 787 to make an emergency landing. >> actress drew barrymore is

teaming up with wal-mart to launch a new beauty line. the brand, flower, named after her production company. barrymore said she chose wal-mart due to its fast reach and. we continue on fox business network with a woman who doesn't need beauty products, cheryl casone. cheryl: if only that were true. anyway, millions of kids grow up having dreams being elected as president of the united states and moving into the white house but what if you had to buy the white house, to live there? your hopes might be dashed right now. u.s. home prices have risen for nine straight months the most recent home price index posted its largest increase since 2006. how much would it cost to buy one of the most glamorous, is horrific homes in our nation? real estate web company, zillow, estimates that 1600 pennsylvania avenue in washington, d.c. has a

current value of $294.9 million. $294.9 million. so president obama and his family first moved into that home in january of 2009, the white house's value has risen 7% from $275.6 million. so put your checkbooks away. let's say you are not in the market to buy a house. instead you're looking to make money on the housing market? and what we're hearing about the housing recovery, where should you be looking? we have angel capital cofounder and cio joins me in a fox business exclusive. i want to talk about your fund. the ticker is angls. it is an income fund of up over 23% in the past year. the majority of your fund is nonagesy mortgage-backed securities. why go this way? seems a little risky. >> that's right. at angel we think the best and most efficient way to

participate in the housing recovery is the nonagency mortgage-backed securities market. what we focus on and where we find the most value in that space, mortgages originated prior to 2006. we have seven plus years of paints history on these borrowers. lot of these borrowers still have 15% equity left in their homes. we're able to get about 5% to 7% risk adjusted yields and pushes these securities at about 10 to 15 points of discount some in a stable housing environment you will still be able to, participate in the price appreciation of these mortgages. cheryl: these mortgages, if you're saying these are older mortgages, as those mortgages are paid off, then wouldn't you need to start to seek out that newer mortgage market which, you could say is risky if it is not agency debt? or could you say with the credit tightness of banks that it's a good bet? do you see what i'm saying here? >> that's correct. and a lot of these, so-called legacy securities, if you think about the market.

this is approximately a trillion dollar mortgage market. so there is still a lot of these legacy securities or legacy loans out there the in market. at the same time, all the newly originated mortgages, which are mortgages originated over last couple years are better quality borrowers because banks stepped away from lending. right now we're focused on legacy securities, again 2006 and prior. there is lot of those loans out there still. but as, we continue to evolve, the newly originated mortgages will be a great place to invest in the long run. cheryl: that was going to be my question, was, the credit profile. what type of credit profile are we talking here? particularly let's focus on the new ones. >> yes. cheryl: the older mortgages are higher quality but the new ones, what is that profile right now? >> that a great question. a lot of mortgages right now if you're a borrow are looking at a getting a nongovernment mortgage, unless you're a pristine quality borrower, 750 fico

score, 20 to 30% down on your house, you have have a w-2 income, if you don't have those charactericses it is hard to get a mortgage. other mortgages out there where you can have 700 fico scores, still a prime borrower. you can still have good equity in the homes of the those are the mortgages that, again will, be better indexed to housing recovery and have a good quality borrow. cheryl: what about the fed in all of this? what happens if we start to see the fed pull back, maybe stop the bond buying program. stop the mortgage-backed security program, the purchasing of in the next year? would that affect your fund at all? >> that's a great question. so let me break it down. there is interest rate related markets and credit related markets and what the fed's been targeting is agency mortgage-backed securities which are mortgages backed by the government. they have driven the absolute yields on those assets to very low yields. at the same time if you look

at, also they have taken a supply out of the marketplace. if the fed takes a step back and interest rates rise in the future, the values of those mortgages, even of the credit, is pristine, the interest rate rises will affect the valuation of those mortgages. on the other side, nonagency mortgages, which is what we purchased, are more floating rate assets. so when rates rice, the yield on securities will rise with the interest rates. so we feel that it is a better play to focus on that part of the housing market. the fed is not purchasing these nonagency mortgages. cheryl: okay. before i let you go, anglx, this was launched in 2011, is that correct? >> that's correct. cheryl: so recently new fund but still performance, the percentage performance there is there at this point. thank you very much. angel capitol cofounder and cio. we'll be watching.

thank you. >> thank you. cheryl: so you all know about the gold rush, 1949 but it is 2013 the year of the black gold rush? where are investors and drillers flocking to? coming up after the break, david sodoo tells us how to get into the u.s. oil boom. ♪ . man: we are rolling. all right, mama's gonna bring it home, mama's gonna bring it home. oh, no! man: oh, mom! aah! announcer: challenge your kids to be active and eat healthy. all right, let's see what you can do. let's go. announcer: search "we can" for ideas on how to get healthy together.

cheryl: in today's inaugural address president obama addressed the need for sustainable energy, new energy technology to power job creation in his second term. let's take a look how energy did during the president's first four years.

the s&p 500 energy sector is up about 50% since the president took office. most energy commodities are up two. rbob and crude oil are leading the way. those contracts we talk about them every day on this network. over the past four years crude oil has more than doubled. it is up 23% in that time frame. rbob soared even higher, up almost 1 % since january of 2009. s. one energy commodity, you know what i'm going to say, that dipped lower is natural gas. down 25% under the president. so much of it across the country. so surprise there. as we enter into the second term have prices plateaued? our next guest says the energy sector will continue to thrive with north america only years away from energy independence. david cid do, east/west petroleum corporation joins me in a fox business exclusive.

he joins me from vancouver what he sees in oil production and what he sees next for the sector. i will kick it off, you say the state of california. why? >> hi, cheryl, thanks for having me on. i'm excited to be on and share my thoughts about the oil boom that is occurring in the united states. i'm the chairman after company called east/west petroleum. we invested in california just recently. i don't know if your listeners know of a company called oxy petroleum. cheryl: ox dental is one of the biggest energy companies in the world and they are based in california which makes it an interesting dichotomy, being an oil company in california but yes, go ahead. >> you know they were looking for about 20 million barrels of oil in 2008, 2009. they discovered a field that is, as the reserves right now in place of 150 million to 200 million barrels. so they found the largest discovery in 30 years in the united states in the basin called the san joaquin basin in california which is very

significant for the u.s. started a mini boom now. cheryl: of california, of all the states across the country one of the states i would not try to drill is the state of california because of environmental regulations. you don't think oxy, the sector overall, would have to be concerned about that. >> i don't think so. out in california there is a protocol in place and some systems in place that governor jerry brown is putting in place right now to make sure most of the oil companies that come in go through certain stages and protocol. takes about eight to nine months to get a permit. if you drill within the location, drill on a permit you've been granted you're able to drill in california. i think, in the united states in general, with the economy growing the way it is and the oil industry, it is for seen thing that will happen in the future throughout the united states. these emerging shale plays are here to stay. cheryl: okay. if you look at the, go back to california. i think this is so interesting. the eia did a report and said actually oil production, crude production in california has been on the

decline since about 2006, basically the wells could be tapped here. do you think that's a possibility, or do you think the oxy find is a sure thing, a sure bet? >> right now looks like it is a sure bet. there is a some shale spoken about for, many years now and oxy, what they have done, they have drilled deeper targets. the oil is there. it is there from conventional production early on in the early 1900s. now you're seeing with the deep horizontal drilling in california and united states, the new technology with the three deseismic they have, they're discovering that the oil producing areas have deeper reserves and greater reserves. i think it is here to stay. there are a lot of companies out there, we invested in north american oil and gas. a small, jr. that is there. they have a look-alike of oxy field. it is about 7500 acres. they're drilling wells right now and they got their permits no problem. cheryl: the minute i hear

drilling technology and horizontal drilling and you think about fracking, shale rock fracturing which is very controversial. is this the same type of technology or is it completely different? >> it is complete completely different. it is enhancement of 3-d technology over the fields this is the deep horse sonal drilling. not doing fracking in california. the water table or anything like that for environmentalists is not an issue you. there is, cheryl, a pro-fracking documentary being featured in new york that should come out on the 28th of january. it is called, frack nation. some of your viewers may want to look at that and look at the pro side of fracking. cheryl: the documentary producer has been on the business network to talk about that. let's talk about the international markets overall because i know you watch the international sector. >> yes. cheryl: the president said it, seems like we're getting more and more away from dependence on foreign oil but which still require a certain amount coming from the saudis in particular.

what kind of percentage do you think we'll be at by say 2020? >> well, pundits right now, all the people in the oil industry that talk to, 2020, the united states may be self-sufficient and not need foreign oil. you know, early on you mentioned in your piece just before that, during the obama administration you had increase in oil production. it is about 5.3%, which is 6 1/2 million barrels of production right now that the u.s. is producing. by the end of 2013 there will be around 7 million. so the u.s. right now is importing about eight, to eight.3 million barrels of oil. by 2020, from all the emerging shale place, ohio utica, eagle ford and bakken you may see the united states sufficient in the oil sector by 2020. cheryl: we've seen the railroad sector show more of an interest because of transportation issues with petroleum and pipelines and no gos in particular with keystone. it is very interesting.

david sidoo. east/west petroleum corporation executive and chairman. interesting topic. >> thanks very much for having me, cheryl. cheryl: kind after the break i will tell you the only s&p sector that is in the red so far this year. plus, liz claman, she is on her way, right now she is in flight. she has the movie. no, she is studying. that is liz. she is on the way to davos, switzerland for the world economic forum. i will give you a sneak-peek what is in store for the rest of the week and what liz has in store coming up. ♪ . what are you doing? nothing. are you stealing our daughter's school supplies and taking them to work? no, i was just looking for my stapler and my... this thing. i save money by using fedex ground

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and go. you can even take a full-size or above. and still pay the mid-size price. i could get used to this. [ male announcer ] yes, you could business pro. yes, you could. go national. go like a pro. cheryl: the only sector in the red for 2013 so far, right here, telecom services. the sector's been flooded with m&a rumors since the new year kicked off. and as i mentioned, liz claman is off to davos for the world

economic forum. it's time to bundle up as she gets you front row seats to one of the biggest business events of the year. she's going to be interviewing top global business leaders all week long. here's where we're going, on wednesday, liz interviews ceo of healthcare giant aetna. you can catch that on countdown to the closing bell, this show. on thursday she has big beverage maker coca-cola's chairman and ceo. that's always fascinating interview. don't miss this one, live interview with microsoft cofounder and chairman mr. bill gates. you guys, that is just some of the guests that she will have. i got a sneak peek of the list. it is big and fascinating. that is it for me. david asman and lauren simonetti will take you through another exciting hour. markets are closed. fox business is open. david: we have a lot to cover. we still have currency markets going on. we have gold. we have lauren simonetti good to see you. >> good to